Venezuela’s international reserves trade near lowest level since June 2002

The weakest official exchange rate, used mostly for imports deemed non-essential, was devalued 24 percent to 2,636 bolivars per dollar on the government’s Dicom auction system

On the black market, the U.S. dollar still costs almost three times more than the Dicom rate, with no prospects of recovery after Maduro raised the minimum wage by another 50 percent in a move that will likely stoke even faster money printing and inflation